Can I get mortgage life insurance with no medical exam? Yes — dedicated MPI products are commonly available as guaranteed-issue (no health questions) or simplified-issue (a few basic health questions, no exam). Term life insurance is also available without a medical exam through no-exam or instant-approval products, though these typically cost 10–25% more than fully-underwritten policies for healthy applicants. Carriers like Nationwide offer no-exam term life options; Lantern provides instant term life quotes without exam requirements.